Every Australian mortgage broker knows the 4:55pm payslip. Three jobs, overtime, penalty rates, and twenty lines of allowances with names only a payroll system could love. Reading it properly can swallow half an hour, and the client is sitting right there.
AutoCalc, a Sydney-built digital broker assistant introducing itself to the industry this week, does the whole thing in 15 seconds. The kettle hasn’t boiled and the income section is done.
It doesn’t stop at reading. The broker adds the loan details, and an indicative borrowing-capacity comparison across 28 lenders fills the screen before the meeting ends, with each lender’s own serviceability spreadsheet prefilled and ready to download. The interview, the number crunching and the lender shortlist all happen in one sitting. Brokers who used to say “I’ll get back to you in a couple of days” now answer while the client is still in the chair.
Under the hood is the part the team brags about most. The engine knows more than 160 distinct income labels, from overtime and penalty rates to casual loading, higher duties and leave loading, and applies each lender’s own income-shading rules automatically. Built-in alerts catch the problems a bank assessor would otherwise find first: YTD mismatches, unpaid super on overtime, hours that don’t reconcile. The awkward questions get asked before the file leaves the office, not after.
“Brokers don’t lose deals on the numbers. They lose the momentum of the client meeting to data entry,” the AutoCalc team said. “We use AI for exactly one job: reading the payslip. Every calculation after that is deterministic code built around each lender’s published serviceability rules. Same input, same output, every time. We think it’s the best 15 seconds in broking.”
AutoCalc is hosted in Sydney and never stores payslip files. There’s a free tier with 13 lenders and unlimited calculations, so brokers can put the 15-second claim to the test this afternoon. Paid plans unlock all 28 lenders.